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Bitcoin may be finding its footing. Analysts are pointing to renewed inflows into spot ETFs and the market's relative calm amid fresh U.S.-Iran tensions as signs that panic-selling has largely run its course. When sellers stop making money, they stop selling — and that appears to be where we are.
Meanwhile, Strategy, the company formerly known as MicroStrategy, has hit the pause button on its bitcoin buying. The firm is sitting on a cash cushion of three billion dollars, enough to cover more than twenty months of preferred-stock dividends and debt obligations. It's a notable shift in posture from a company that has made aggressive accumulation its entire identity.
And in a story that cuts right to the heart of what blockchains actually get used for, Robinhood built a chain designed to bring tokenized stocks on-chain. What it got instead was memecoins. The network has attracted one hundred thirty-five million dollars in value and eight hundred thousand addresses since July first, but almost none of that activity is touching the financial products Robinhood envisioned. It's a familiar pattern — build the rails, and the crowd decides where the train goes.
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